News

The Administrative Appeals Tribunal (AAT) has affirmed the ATO’s decision that income a taxpayer earned working overseas in the United States Army and in Afghanistan is not exempt from Australian income tax under s 23AF of the Income Tax Assessment Act 1936 (ITAA 1936). The taxpayer...

Not surprisingly, the ATO has moved quickly to state its views on the implications of the recent Federal Court decision regarding Uber. The Court held that the UberX service supplied by the ride-sharing network’s drivers constitutes the supply of “taxi travel” within the meaning of...

The Government has introduced legislation to impose goods and services tax (GST) on supplies of imported goods worth less than $1,000. The measures are scheduled to commence on 1 July 2017. The Treasury Laws Amendment (GST Low Value Goods) Bill 2017 was introduced into the House...

On 31 January 2017, the ATO released Taxpayer Alert TA 2017/1 Re-characterisation of income from trading businesses. The ATO said it is reviewing arrangements that attempt to fragment integrated trading businesses in order to re-characterise trading income into more favourably taxed passive income. Its concern arises...

The Administrative Appeals Tribunal (AAT) has confirmed that a mechanical engineer with a PhD qualification was not entitled to deductions for various work-related expenses of approximately $60,000 that he claimed in the 2014 tax year. This finding was made subject to certain minor deductions that...